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TAIWAN GOV'T SHOULD ASSIST MICRO BUSINESSES: ANALYSIS.
TAIPEI, Dec 1 Asia Pulse - Micro businesses are the backbone of Taiwan's economy and the government should provide them with adequate assistance in creating more added value, according to a recent analysis published by the Ministry of Economic Affairs (MOEA).
In 2001, there were about 720,000 micro businesses -- defined as businesses employing fewer than five workers -- around Taiwan, accounting for 77 per cent of the country's total enterprises, according to an analysis by a Chung-Hua Institution for Economic Research researcher that was published last week by an electronic newspaper operated by the MOEA's Industrial Development and Investment Center.
Nearly 1.33 million workers were employed by micro businesses, accounting for 20 per cent of Taiwan's total employees in the trade and business service sectors that year, the analysis reported. Added value produced by micro firms accounted for only 12.06 per cent of the total value generated by all companies, while their output value made up only 8.3 per cent of the business community.
There were some 208,000 middle-sized companies in Taiwan in that same year, or 22.2 per cent of the total, while there were only 7,261 large enterprises, accounting for 0.78 per ...
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